According to foreign media analysis, one of the main contents of Federal Reserve Chairperson Powell's speech in Jackson Hole in August was that, given the significant progress made on inflation, the Federal Reserve's response is no longer solely focused on inflation. There are clear signs that the employment aspect has become a more dominant factor in determining policy. Since then, employment data has triggered greater cross-asset volatility in recent months. However, with Trump's decisive victory and, more importantly, the likely Republican victory, market sensitivity to inflation data is likely to rise again. The prospect of protectionist policies through trade tariffs and expansionary fiscal policy could complicate the anti-inflation process. The market repriced the higher Fed end point rate, raising it from 3.6% to 3.75%.